The Esperanza II communal bank is in its first cycle with the Women’s Committee Program. They are starting to work together and help each other. They are doing this so that, through the trainings, they will be improving their income and the members’ quality of life.
Carla is one of the members. She sells basic needs items at a small kiosk. She works there in order to get the needed income for her family. She is a very tenacious person. As time goes by she wants to be improving her small business endeavor.
Carla is requesting this loan to buy vegetables, minced meat, sugar, flour, soap, and cooking oil, etc. This will help her to have better products and to firm up her business plan. This will help her to improve her income.
El grupo La Esperanza II está en su ciclo número 1 del programa de comité de mujeres, están empezando a trabajar juntas y se ayudan para que por medio de las capacitaciones vayan mejorando sus ingresos y la calidad de vida de las miembros.
Carla, una de las miembros, se dedica a la venta de artículos de primera necesidad en su pequeño Kiosco, en donde trabaja para tener los ingresos necesarios para su familia. Es una persona muy luchadora, que conforme pasa el tiempo quiere ir mejorando su microemprendimiento.
La Sra. Carla solicita de este crédito para la compra de verduras, picadillo, azúcar, Harina, jabón, aceite, etc. lo que le ayudará a tener mejores productos y a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
About Fundación Paraguaya
Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.